Highlights of Union Budget 2015-16: PDF Download

Friends..As you all know, Union Finance
Minister Arun Jaitley today (28 February 2015) presented the Union Budget
2015-16 in Parliament. Questions related to this budget will surely be asked in
upcoming competitive Exams and mainly in Bank Exams. So in this post, we are
sharing with you the highlights of the Union Budget 2015-16.

* Develpoment schemes for churches and
convents in old Goa; Hampi, Elephanta caves, Forests of Rajasthan, Leh palace,
Varanasi , Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new
toursim scheme.

* Visa on Arrival for 150 countries.

FINANCIAL SECTOR

* Forward Markets Commission to be merged
with the Securities and Exchange Board of India.

* NBFCs registered with the RBI and having
asset size of Rs 500 crore and above to be considered as ‘financial
institution’ under Sarfaesi Act, 2002, enabling them to fund SME and
mid-corporate businesses

* Permanent Establishment norms to be
modified to that mere presence of offshore fund managers in the country does
not lead to “adverse tax consequences.”